Nile Business City New Capital is a planned city in Egypt set to become the capital of the country. It is located on the east bank of the Nile River, just south of Cairo. The city was announced in 2018 by Egyptian President Abdel Fattah el-Sisi and is planned to be a state-of-the-art, modern metropolis.

The new capital will be built from scratch and is intended to become a global business hub for the Middle East and North Africa region. It will feature an international airport, a financial district, an industrial zone, an educational complex, and a technology park, as well as many other amenities. The city will also be designed with extensive green areas, parks, and pedestrian friendly sidewalks.

The government has set aside $45 billion for the project, which is expected to be completed in 2022. The majority of the funding will come from foreign investments, with some coming from the Egyptian government. The city is seen as a symbol of the country's ambition to become a major player in the region, and to attract businesses, investors, and tourists.

Nile Business City is expected to help reduce the overcrowding in Cairo and alleviate some of the housing and transportation issues the capital faces. It is also hoped that it will create job opportunities for Egyptians, and serve as an example for other Middle Eastern countries to follow.

The new city is likely to increase Egypt's economic power and hopefully bring in long term investments. It is also predicted to improve the quality of life for its inhabitants. Although these ambitious plans have been met with some skepticism, many people are hopeful that Nile Business City will be a success.